Natixis writes for PFI issue on Exeltium case study

July 30, 2015

In the most recent PFI issue Emmanuel Gillet Lagarde, Head of Europe, and Stéphane Dubos, Executive Director at Natixis Global Infrastructure & Projects, provide a unique insight into the design of Exeltium’s innovative financing structure.
Acting as Financial Advisor, Rating Advisor, Mandated Lead Arranger, Co-Hedge Coordinator and co-underwriter of the institutional tranche, Natixis assisted Exeltium, one of the largest European power deals, to design an innovative dual-track debt raising process targeting banks and institutional investors which resulted in improved terms and conditions – paving the way to restore electricity price competitiveness and predictability amongst Exeltium’s clients.

Anne Christine Champion, Global Head of Infrastructure & Projects explains that “through this hybrid and innovative financing structure involving the largest institutional tranche ever in the French power sector, Natixis developed a multi-sourced financing structure which optimized liquidity conditions for the benefit of the clients, ensuring long-term competitiveness of their electricity supply.”

To read the full article, please click here (please note that this article is behind a paywall).